Patna: Gold and silver prices registered a decline this week after a period of sustained gains, according to data released by the India Bullion and Jewellers Association (IBJA).
The price of 24-carat gold fell by Rs 2,225 per 10 grams during the week, declining from Rs 1.56 lakh on May 30 to Rs 1.54 lakh. Silver also witnessed a sharper correction, with prices dropping by Rs 6,442 per kilogram from Rs 2.63 lakh to Rs 2.57 lakh.
The decline comes after both precious metals experienced strong rallies earlier this year, driven by global economic uncertainty and investor demand for safe-haven assets.
Gold And Silver Still Higher Than Start Of Year
Despite the weekly fall, both metals remain substantially more expensive than they were at the beginning of 2026.
According to IBJA data, the price of 10 grams of gold stood at Rs 1.33 lakh on December 31, 2025. At its current level of Rs 1.54 lakh, gold is still around Rs 21,000 higher than its year-end price.
Silver has also maintained strong gains. The metal was trading at Rs 2.30 lakh per kilogram at the end of 2025 and is currently priced at Rs 2.57 lakh, representing an increase of approximately Rs 27,000 this year.
Prices Remain Below Record Highs
Both metals remain well below the all-time highs recorded earlier this year.
On January 29, gold touched a record Rs 1.76 lakh per 10 grams, while silver surged to an unprecedented Rs 3.86 lakh per kilogram.
The latest correction has reduced the gap between current prices and those historic peaks, although precious metals continue to trade at elevated levels by historical standards.
Market analysts attribute recent fluctuations to a combination of profit-booking by investors, movements in international bullion markets and changing expectations regarding global interest rates and economic conditions.
Advice For Gold Buyers
With gold prices remaining near historically high levels, industry experts advise consumers to exercise caution when making purchases.
Buyers are encouraged to purchase only gold bearing the Bureau of Indian Standards (BIS) hallmark, which certifies the purity of the metal. Hallmarked jewellery carries a unique alphanumeric code that allows consumers to verify authenticity and quality.
Consumers are also advised to compare prevailing gold rates from multiple reliable sources, including data published by the India Bullion and Jewellers Association, before making a purchase.
Jewellers recommend checking both the weight and purity of gold items carefully to ensure transparency in pricing and billing.
While prices have softened in recent days, market observers expect gold and silver to remain closely tied to developments in global financial markets and geopolitical conditions in the weeks ahead.
